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Pimco fined $20m for misleading investors on active ETF

Pimco fined $20m for misleading investors on active...

Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.

Published : 2, Dec 2016
ANALYSIS: Will the Fed turn its back on the world next year?

ANALYSIS: Will the Fed turn its back on the world...

With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.

Published : 29, Nov 2016
Industry still fears Trump will veto US adviser reforms

Industry still fears Trump will veto US adviser...

As President-elect Donald Trump prepares to take the helm in the most powerful job on Earth, the advice industry has continued to raise concerns he may scrap the US Department of Labor’s (DoL) upcoming fiduciary rule, requiring specialist retirement advisers to put their client’s interests first.

Published : 29, Nov 2016
Finance, energy and health sectors in focus for 2017 - Citi

Finance, energy and health sectors in focus for...

Sector investing may come back in 2017 and an EM `stability premium’ could develop as the grand economic ideas of the new US administration are put into practice. says Roger Bacon, Citi Private Bank’s Asia-Pacific head of managed investment.

Published : 28, Nov 2016
Will US equities binge mean a Thanksgiving hangover?

Will US equities binge mean a Thanksgiving hangover?...

As Americans get stuck into their Thanksgiving day celebrations the rest of the world still has its eye on the investment ball and some may be weighing up whether, just as with food, you can have too much of a good thing.

Published : 25, Nov 2016
IRS targets virtual currency in tax avoidance probe

IRS targets virtual currency in tax avoidance...

As part of its investigation into tax avoidance through the use of virtual currencies, the US Internal Revenue Service (IRS) has filed a petition with a California court requesting personal data from virtual currency exchange firm Coinbase.

Published : 24, Nov 2016
Don’t mistake equities’ current sanguine run for real strength

Don’t mistake equities’ current sanguine run for...

Investors should not rest too comfortably on the relative calm with which equity markets have greeted both the UK’s EU referendum and the election of Donald Trump to the US presidency warns Guy Stephens.

Published : 24, Nov 2016
Trump must show backbone and repeal Fatca: deVere CEO

Trump must show backbone and repeal Fatca: deVere...

US president-elect Donald Trump must show some backbone and repeal the Foreign Account Tax Compliance Act (Fatca) as a priority, says deVere founder and chief executive Nigel Green.

Published : 21, Nov 2016
Trump election sparks record US equity inflows

Trump election sparks record US equity inflows...

Donald Trump’s election victory has triggered an almost unprecedented move into US equities. According to Lipper fund flows data, American investors funnelled a record net sum of $27bn (£21.6bn, €25.2bn) to US equity ETFs during the seven days after the election.

Published : 18, Nov 2016
Guernsey cosies up to Trump

Guernsey cosies up to Trump

Guernsey chief minister, Gavin St Pier, has written to the US ambassador to the UK asking him to extend the island’s congratulations to Donald Trump on his election win.

Published : 16, Nov 2016
Trump election – a spanner in the works for emerging markets

Trump election – a spanner in the works for emerging...

Emerging market equities and debt have been the most popular asset classes with European investors this year. But now Donald Trump’s election threatens to spoil the party.

Published : 15, Nov 2016
HMRC removes Canadian Rops from overseas pension list

HMRC removes Canadian Rops from overseas pension...

HM Revenue & Customs has scrapped nearly a hundred Canadian recognised overseas pension schemes (Rops) from its pre-approved list, in line with a similar move suspending Australian transfers last year.

Published : 15, Nov 2016
BVI hands record fine to Panama papers law firm

BVI hands record fine to Panama papers law firm...

Mossack Fonseca, the law firm at the centre of the Panama papers scandal, has been fined a record amount by the British Virgin Islands’ Financial Services Commission (FSC).

Published : 15, Nov 2016
McKinsey: Asset management to see explosive change

McKinsey: Asset management to see explosive change...

McKinsey & Co cited five trends that they expect will cause a “once-in-a-generation shift in competitive dynamics”, completely shaking up the asset management industry.

Published : 15, Nov 2016
Trump win casts doubt over US fiduciary rule

Trump win casts doubt over US fiduciary rule

President-elect Donald Trump may look to overturn the US Department of Labor’s fiduciary rule, set to go live in April, requiring specialist retirement advisers to put their client’s interests first, although some say scrapping it is unlikely.

Published : 11, Nov 2016
US Republicans want Fatca repeal despite $10bn tax haul

US Republicans want Fatca repeal despite $10bn...

The US Foreign Account Tax Compliance Act (Fatca) could be repealed when Donald Trump becomes president if the Republican Party sticks with its 2016 policy platform, despite more than $9.9bn (£8bn, €9bn) being paid through voluntary compliance efforts.

Published : 10, Nov 2016
Fund managers' top Trump reactions

Fund managers' top Trump reactions

Active fund managers are largely sanguine but braced for volatility over the coming weeks.

Published : 9, Nov 2016
Financial advisers around the world react to a Trump presidency

Financial advisers around the world react to a...

Following Donald Trump’s historic win in the US elections, International Adviser asked IFAs across the globe to give their views on the next president.

Published : 9, Nov 2016
US expats to give up citizenship following Trump victory

US expats to give up citizenship following Trump...

The number of expats revoking their American citizenship is expected to see a boost after Donald Trump is named the next president of the United States, leading tax advisers predict.

Published : 9, Nov 2016
L&G creates new trans-Atlantic insurance division

L&G creates new trans-Atlantic insurance division...

Legal & General has formed a new trans-Atlantic insurance division to tie its UK and US offerings.

Published : 9, Nov 2016

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